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Fuel Price Freeze Amid Hormuz Crisis Is Costing Oil Companies Thousands of Crores Daily

TOI.in / Apr 14, 2026, 20.39 PM IST

Despite rising global crude prices triggered by disruptions in the Strait of Hormuz, petrol and diesel prices in India remain unchanged. This has led to significant losses for oil marketing companies, raising questions about sustainability and future price hikes. Shreya Chandra explains

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